Netflix Crosses<br />200 Million Subscriber Mark.<br />The streamer made the announcement on Tuesday.<br />This is the first time that Netflix has reached<br />200 million subscribers since its inception in 1997. .<br />The milestone is thanks to the 8.5 million subscribers<br />who signed up for the service in the fourth quarter of 2020.<br />According to CNN, Netflix attracted 37 million total<br />paid subscribers in 2020, a 31 percent jump from 2019. .<br />The platform earned $6.64 billion in<br />revenue and $542.2 million in profits between<br />October and December of 2020. .<br />It achieved a positive cash flow of $1.9 billion<br />in 2020, a major achievement considering it posted<br />a negative cash flow of $3.3 billion in 2019. .<br />Netflix is reportedly exploring a<br />stock buyback program that would allow<br />cash to be returned to its investors. .<br />The company’s stock increased<br />as much as 12 percent following the announcement<br />of its fourth quarter earnings. .<br />We're enormously grateful that in these<br />uniquely challenging times we've been able<br />to provide our members around the world<br />with a source of escape, connection and joy<br />while continuing to build our business, Netflix, via Complex
